What is the NatWest Switch? NatWest pays £200 for switching to its Reward account. It costs £2 a month, but pays £4 a month back in cashback when you meet the rules.
⏳ No end date has been announced, but switch offers change often, so check before you start.
How to claim it
- Open a NatWest Reward account online or in the app and choose a full switch from a bank that isn’t NatWest, RBS or Ulster Bank.
- Within 60 days, pay in £1,250.
- Within the same 60 days, log in to the NatWest app.
- Your £200 is paid within 30 days.
Handy hints
- Good to know
- What you need: A full switch, £1,250 paid in, and logging in to the app. Keep 2 Direct Debits of £2+ a month for the cashback.
- Is it free? It costs £2 a month, but pays £4 a month cashback when you meet the rules, so it more than pays for itself.
- Need Direct Debits? Plum or Moneybox can set up free monthly Direct Debits to yourself. Keep them monthly, as quarterly ones aren’t always counted.
- Follow every step: read the bank’s switch offer terms carefully and do each step within the time limits. Miss one and you can lose the bonus.
- Space out applications: each new account can show on your credit file, so don’t open lots at once.
- Who can’t get it: anyone who had a NatWest current account on 6 May 2026, or has had a switch bonus from NatWest, RBS or Ulster Bank before.
- Cover the fee: keep 2 Direct Debits of £2 or more going out each month to get £4 cashback, which more than covers the £2 fee.
- Use your switching account: switch from a spare account, like the TSB one under Start here, so your main bank stays put.
- Earning more
- Regular saver: NatWest’s linked regular saver pays 5.25% on up to £150 a month.
Ready to claim your £200?Time needed: 30 mins. Deposit: £1,250 paid in.